A Personal Umbrella Liability Policy provides extra liability protection against catastrophic losses and associated lawsuits. In a large claim situation, this separate policy takes effect once the liability limits in other insurance sources, such as an Auto or Homeowners Policy, are exhausted, potentially saving you from substantial out-of-pocket expenses. Despite this benefit, many people overlook the value of this insurance policy, thinking they will never need it, cannot afford it, or already have sufficient liability coverage through another underlying policy. These are some of the most common misconceptions about Umbrella Insurance that can leave a driver, homeowner, condo unit owner, renter, and rental property owner financially vulnerable. In light of recent personal liability claim trends such as nuclear verdicts, soaring medical and defense costs, and multimillion-dollar case settlements, it is smart for you to look into the facts about Umbrella Insurance. Get The Facts About Five Common Umbrella Insurance Myths No matter what insurance solution you are interested in, your local insurance professional is the best person to turn to for an explanation of coverage and help making an educated decision. After reading through the following myth-busting information about Umbrella Insurance, you may want to call your agent about adding…

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